dead-money
Rocket to the Moon
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Post by dead-money on Dec 2, 2020 17:04:37 GMT
So at the start of November I set all 32 of my MLA loans to sell 110%, As at 1st December 16 smaller holdings have sold entirely, the remaining larger holdings are trickling out very slowly.
All the loans are offered at par, with no other holdings at a discount and only suspended by AC intermittently for updates.
So from this ancedotal evidence does one infer that there's no appetite for the higher interest paying, medium-high risk development loans via MLA?
In the before times these would have sold within a couple of days.
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SteveT
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Post by SteveT on Dec 2, 2020 18:03:08 GMT
I don’t think you can conclude that. MLA lenders generally will already have holdings in existing large MLA loans and, where there is heavy SM availability at Par, will mostly set orders only to pick up discounted parts (knowing that they’re unlikely to be able to sell again without offering an equivalent discount).
Smaller loans generally don’t have heavy SM availability and so buying at Par doesn’t carry the same “lock-in” risk.
New loans are likely to attract significant demand, as MLA lenders continue to diversify.
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ceejay
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Post by ceejay on Dec 2, 2020 23:59:14 GMT
So at the start of November I set all 32 of my MLA loans to sell 110%, As at 1st December 16 smaller holdings have sold entirely, the remaining larger holdings are trickling out very slowly.
All the loans are offered at par, with no other holdings at a discount and only suspended by AC intermittently for updates.
So from this ancedotal evidence does one infer that there's no appetite for the higher interest paying, medium-high risk development loans via MLA?
In the before times these would have sold within a couple of days.
Not my experience. I sold an MLA portfolio - well before the current shenanigans - and my experience was not dissimilar to what you describe here. Some loans went very quickly, but a number of others just didn't. Nothing particular wrong with any of them, they just didn't sell, or only very slowly. In the end, after a number of months, I hastened the exit of the stragglers by popping in some small discounts ... didn't have to be much, just enough to get to the head of the queue.
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dead-money
Rocket to the Moon
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Post by dead-money on Feb 22, 2021 9:17:13 GMT
So currently, I'm left with fifteen loans in my MLA, on every single one there are Zero loan parts available.
I'm not trying to reduce the holdings any further at the moment; but equally it looks like there's limited options to add to holdings either.
(Don't wish to diverge from my criteria, so won't be considering any alternatives from the wider AC loan pool.)
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dead-money
Rocket to the Moon
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Post by dead-money on Apr 2, 2021 16:54:35 GMT
FYI, as an indication of the pent up demand for loan parts, and in contrast to December 2020 and February 2021,
Just sold out of MLA completely, circa twenty loans, £10,000 in under ten minutes.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Apr 2, 2021 17:23:52 GMT
FYI, as an indication of the pent up demand for loan parts, and in contrast to December 2020 and February 2021,
Just sold out of MLA completely, circa twenty loans, £10,000 in under ten minutes.
Well neither of my accounts have bought a thing so clearly nothing good then  
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Post by df on Apr 2, 2021 19:30:01 GMT
Currently MLA loan availability is circa 30 loans and £3m. Early February it was about 270 loans and £50m. Early December it was about 325 loans and £60m. The MLA universe of all loans is currently 422. About six months ago it was 525 ...and only 1 loan is available at discount.
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